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Canadian Hotels Report Positive YOY Results for Week Ending 1 February January 2020

STR

The Canadian hotel industry recorded positive year-over-year results in the three key performance metrics during the week of 26 January through 1 February 2020, according to data from STR.

In comparison with the week of 27 January through 2 February 2019, the industry reported the following:

• Occupancy: +0.5% to 56.8%
• Average daily rate (ADR): +0.3% to CAD148.26
• Revenue per available room (RevPAR): +0.8% to CAD84.15

Among the provinces and territories, Nova Scotia reported the largest increases in each of the three key performance metrics: occupancy (+15.1% to 54.4%), ADR (+5.6% to CAD128.73) and RevPAR (+21.5% to CAD69.99).

Saskatchewan experienced the second-highest rise in occupancy (+12.3% to 54.1%), which drove the second-largest jump in RevPAR (+13.5% to CAD63.53).

Quebec posted the second-largest lift in ADR (+1.8% to CAD151.41).

Prince Edward Island saw the only double-digit declines in occupancy (-11.9% to 43.6%) and RevPAR (-12.0% to CAD52.25).

Newfoundland and Labrador registered the steepest drop in ADR (-2.7% to CAD118.07).

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

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